##
|Governors||PJ Smith (Chairman)|PJ Smith (Chairman)|PJ Smith (Chairman)||||
|---|---|---|---|---|---|---|---|
|||Professor J R Bryson||||||
|||C D Nicholls||||||
|||TBotterill||||||
|||Miss E Griffin||||||
|||CA Sherrey (Deputy|||Chairman)|||
|||RSSherrey||||||
|||A Constantinou||||||
|||W F McFarland||||||
|||Mr P BCopsey||||||
|||Mrs VA Bordewich||||(Appointed|5April 2022)|
|||R De Morewood|Blomfield|||(Appointed|16March|
|||||||2022)||
|Chapel Fund|Committee|PJ Smith||||||
|||Miss E Griffin||||||
|||A Constantinou||||OWA Representative||
|Charity number||527523||||||
|Clerk to the|Governors|Reverend
Justin T||Parker||||
|||mfg Solicitors LLP||||||
|||Adam House||||||
|||Birmingham
Road||||||
|||Kidderminster||||||
|||Worcestershire||||||
|||DY102SH||||||
|Independent|examiner|Sandra Garrington||(FC.A. , F.C.C.A. ,||C.TA.)||
|||Price Pearson||||||
|||Finch House||||||
|||26-30 Wolverhampton|||Street|||
|||Dudley||||||
|||West Midlands||||||
|||DY1 1DB||||||
|Bankers||HSBC Bank Pic||||||
|||31 Church Street||||||
|||Kidderminster||||||
|||Worcestershire||||||
|||DY102AY||||||
|Solicitors||mfg Solicitors LLP||||||
|||Adam House||||||
|||Birmingham
Road||||||
|||Kidderminster||||||
|||Worcestershire||||||
|||DY102SH||||||
##
##
|Investment|advisers|CCLA Investment|Management|Management|Limited|
|---|---|---|---|---|---|
|||1 Angel Lane||||
|||London||||
|||EC4R 3AB||||
|Property advisers||Phipps
& Pritchard||||
|||1 High Street||||
|||Stourport-on-Severn||||
|||Worcestershire||||
|||DY138DJ||||
|Accountants||Price Pearson||||
|||Finch House||||
|||28-30Wolverhampton||Street||
|||Dudley||||
|||West Midlands||||
|||DY1 1DB||||
##
|||||Page|
|---|---|---|---|---|
|Governors|report||||
|Independent|examiner's||report||
|Statement|offinancial|activities|||
|Balance sheet|||||
|Notes to the accounts||||7-19|
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||||Unrestricted|Unrestricted|Unrestricted||Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|---|---|---|---|
||||funds||funds||funds|funds|2022|2021|
|||Notes|general
6||designated|f|6|F|6|E|
|Investments||2|180,707||9,137||700||190,544|183,422|
|Ezuttgttitttfttgtt.|||||||||||
|Charitable
activities||3|181,001||8,843||700||190,544|183,422|
|Net gain on|||||||||||
|investments||||||||4,599|4,599|880,935|
|Net incoming|||||||||||
|resources before|||||||||||
|transfers|||(294)||294|||4,599|4,599|880,935|
|Gross transfers|||||||||||
|between
funds|||294||(294)||||||
|Net movement|in funds|||||||4,599|4,599|880,935|
|Fund balances|at 1||||||||||
|August 2021||||||||6,720,451|6,720,451|5,839,516|
|Fund balances|at||||||||||
|31July 2022||||||||6,725,050|6,725,050|6,720,451|
##
|||||2022||2021||
|---|---|---|---|---|---|---|---|
||||Notes|6||E||
|Fixed assets||||||||
|Tangible assets|||10||||160|
|Investments|||11||6,722,594||6,717,995|
||||||6,722,594||6,718,155|
|Current assets||||||||
|Debtors|||13|312||302||
|Cash at bank|and in|hand||177,382||117,079||
|||||177,694||117,381||
|Creditors: amounts||falling due within|14|||||
|one year||||(175,238)||(115,085)||
|Net current assets|||||2,456||2,296|
|Total assets|less current liabilities||||6,725,050||6,720,451|
|Capitalfunds||||||||
|Endowment
funds|||||6,725,050||6,720,451|
|(including
revaluation||reserve of64,277,895,2021:||64,273,296)||||
|Income funds||||||||
|Unrestricted|funds -|general||||||
||||||6,725,050||6,720,451|
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||UnrestrictedUnrestricted|UnrestrictedUnrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
||funds|funds|funds|2022|2021|
||general|designated||||
||6|||||
|Rental income|1,989|||1,989|1,005|
|Income from listed investments|178,382|9,137|700|188,219|182,404|
|Interest receivable|336|||336|13|
||180,707|9,137|700|190,544|183,422|
|Forthe period ended 31July 2021|173,920|8,825|677||183,422|
##
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|Support cos|ts|||
|---|---|---|---|
|||2022|2021|
||||6|
|Staffcosts||11,133|9,968|
|Depreciation|and impairment|160|1,920|
|Property expenses||2,305|11,281|
|Insurance||2,162|2,139|
|Clerk's fees &disbursements|||4,354|
|Accountancy||3,840|3,744|
|Sundry expenses||477|45|
|Postage &stationery||705|492|
|Website &laptop costs||9,468|1,800|
|Marketing||2,000||
|||32,250|35,743|
|Grant funding|ofactivities (see note 4)|156,134|144,455|
|Governance|costs (see note 6)|2,160|3,224|
|||190,544|183,422|
|Analysis
by|fund|||
|Unrestricted|funds - general|181,001||
|Unrestricted|funds - designated|8,843||
|Restricted funds||700||
|||190,544||
|Forthe year|ended 31July 2021|||
|Unrestricted|funds - general||173,920|
|Unrestricted|funds - designated||8,825|
|Restricted funds|||677|
||||183,422|
##
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|4|Grants payable|||||||
|---|---|---|---|---|---|---|---|
|||Unrestricted||Designated|Restricted|2022|2021|
|||funds||funds|funds|||
||||6|6||||
||Grants to institutions
(22grants):|||||||
||School capital and block grants
86,847|||||86,847|102,999|
||Other capital grants|16,534||||16,534|(8,500)|
||Prizes||225|||225|225|
||Church Fees||10|||10|10|
|||103,616||||103,616|94,734|
||Grants to individuals
(55grants):|||||||
||Further education
grants|42,975||8,843|700|52,518|49,721|
|||146,591||8,843|700|156,134|144,455|
|5|Grants payable analysis|||||||
||Grants off1,000or more made to institutions|||||||
||General
Fund|||||||
||School grants||||||6|
||Wolverley
Sebright
Primary School (4grants)||||||26,374|
||Cookley Sebright Primary School (4 grants)||||||27,004|
||Foley Park Primary Academy|(1 grant)|||||1,200|
||Franche Community
Primary|School (1 grant)|||||2,500|
||Birchen Coppice Acadamy
(1|grant)|||||1,000|
||StOswalds CE Primary
School (1 grant)||||||1,500|
||StJames CE Primary
School|(1 grant)|||||2,500|
||Wolverley CESecondary
School (2 grants)||||||18,643|
||King Charles 1st School (1 grant)||||||1,000|
||Sutton Park Primary RSEAcademy
(1 grant)||||||2,000|
||Other grants||||||f|
||Cookley Village
Hall & Playing|Fields Association|(2 grants)||||5,934|
||Wyre Forest Scouts (1 grant)||||||10,000|
##
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||||||||
|---|---|---|---|---|---|---|
|5|Grants payable analysis|||||(Continued)|
||Grants of81,000or||more made to individuals||||
||||||Number ofpersons||
||General|Fund|||||
||Further education
grants||||10|16,818|
||Chapel Fund||||||
||Further education
grants|||||4,500|
||Student|grants repayable|||||
||||||2022|2021|
||Amounts|outstanding|brought|forward|35,936|34,751|
||Advances|during the|year||16,500|6,650|
||||||52,436|41,401|
||Amounts|recovered|during the|year|(9,370)|(5,465)|
||||||43,066|35,936|
|||2022f|2021|
|---|---|---|---|
|Grants|awarded|61,888|55,186|
|Less:|Grants received|(9,370)|(5,465)|
|||52,518|49,721|
##
|Governance|costs|||||||
|---|---|---|---|---|---|---|---|
||||Governance|2022|2021|Basis ofallocation||
||||costs|||||
||||6|||||
|Independent|examination|fee|1,200|1,200|1,200|Governance|100%|
|Clerk's fees|&disbursements||||1,088|Governance|20%|
|Accountancy|||960|960|936|Governance|20%|
||||2,160|2,160|3,224|||
##
##
##
|The average|monthly
number ofemployees
during
the ye|ar was:||
|---|---|---|---|
|||2022|2021|
|||Number|Number|
|Management|and administration|||
|Employment|costs|2022|2021|
|Wages and|salaries|11,133|9,968|
##
|9|Net gains|/(losses)
on|investments|||
|---|---|---|---|---|---|
|||||2022|2021|
|||||E|f|
||Revaluation
of investments|||4,599|880,935|
|10|Tangible|fixed assets||||
||||||Website|
||||||8|
||Cost|||||
||At 1August 2021||||23,777|
||At 31 July|2022|||23,777|
||Depreciation
and impairment|||||
||At 1 August 2021||||23,617|
||Depreciation
charged||in the year||160|
||At 31 July|2022|||23,777|
||Carrying|amount||||
||At 31 July|2022||||
||At 31 July|2021|||160|
##
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|Fixed asset investm|ents||||
|---|---|---|---|---|
||Land and|COIF|COIF|Total|
||Buildings|Property|Income||
||6|Fund Shares
E|Sharesf||
|Cost or valuation|||||
|Market Value at 1|||||
|August 2021|196,000|448,146|6,073,849|6,717,995|
|Valuation
changes||71,105|(66,506)|4,599|
|At 31 July 2022|196,000|519,251|6,007,343|6,722,594|
|Carrying
amount|||||
|At 31 July 2022|196,000|519,251|6,007,343|6,722,594|
|At 31 July 2021|196,000|448,146|6,073,849|6,717,995|
|Historical cost|||||
|At July 2022||466,923|1,791,776|2,258,699|
|At July 2021||466,923|1,791,776|2,258,699|
##
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|12|Financial|instruments|instruments|||2022|2021|
|---|---|---|---|---|---|---|---|
|||||||6|E|
||Carrying|amount|of|financial|assets|||
||Equity instruments||measured||at fair value|6,722,594|6,717,995|
||Carrying|amount|of|financial|liabilities|||
||Measured|at amortised cost||||175,238|115,085|
|13|Debtom|||||||
||Amounts|falling|due|within|one year:|2022
6|2021f|
||Prepayments
and||accrued income|||312|302|
|14|Creditors: amounts|||falling due within one year||||
|||||||2022|2021|
||Grants payable|||||155,598|107,080|
||Accruals|and deferred||income||19,640|8,005|
|||||||175,238|115,085|
##
||||Balance at 1|Revaluation|of|Balance at 31July|
|---|---|---|---|---|---|---|
||||August|fixed asset||2022|
||||2021|investment|||
||||6||F.||
|J Edmonds Bequest Fund|||23,286||88|23,374|
|H Oakes Music|Prize Fund||326||2|328|
|Old Wolvernian|Association|Prize Fund|321|||321|
||||23,933||90|24,023|
##
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|Analysis ofnet assets between|Analysis ofnet assets between|Analysis ofnet assets between|funds|||||
|---|---|---|---|---|---|---|---|
||||Unrestricted|Designated|Restricted|Endowment|Total|
||||Funds|Funds|Funds|Funds||
||||E|E|E||E|
|Fund balances at 31 July 2022||||||||
|are represented|by:|||||||
|Fixed assets||||||||
|Investments||||||6,722,594|6,722,594|
|Current assets|||175,238|||2,456|177,694|
|Creditors: Amounts||falling due||||||
|within
on year|||(175,238)||||(175,238)|
|||||||6,725,050|6,725,050|
##
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|20 FIXEDASSETINVESTMENTS (QUOTED)|20 FIXEDASSETINVESTMENTS (QUOTED)|20 FIXEDASSETINVESTMENTS (QUOTED)|20 FIXEDASSETINVESTMENTS (QUOTED)|||alarket|alarket||||Market|Market|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||Nominal|Sock||vsIus||||Increaser|vakm||
|||||value||8'Ist||||(decrease)|81st||
|||||||July||||In|JUIy||
||||2022
No.|||2021f||Addlaons
f|Disposals|vsIUstlon
f|2022f||
|UNRESTRICTED FUND INVESTNIENTS|||||||||||||
|Charities|Official Investment||Fund:||||||||||
|Income shares
Properly
Fund income shares
295,338.61
351,197.97
DESIGNATED FUND INVESTMENTS (CHAPEL FUND)||||1,698,297
427 780
2,126,077||5,780,279
411040
6,191,319||||(63,291)
65,218
1.927|5,716,988
476 258
61,246||
|Charities|Official Investment||Fund:||||||||||
|Income|shares||13,883.15|84,568||271,717||||(2,975)|268,742||
|Properly|Fund Income shams||29,926.24|36,950||35,026||||5,557|40|583|
|||||121,518||306|743|||2,582|309|325|
|RESTRICTED FUND INVESlMENTS|||||||||||||
|J.EDMONDS BEQUEST|||||||||||||
|Charities|Oflicial Investment||Fund:||||||||||
|Income|shares||1,086.42|6,681||21,263||||(233)|21,030||
|Properly|Fund income shares||1,728.25|2,134||2,023||||321|2,344||
|H. CAKES MUSIC PRIZE FUND|||||||||||||
|Charities|Oflidal Investment|Fund .|||||||||||
|Income
Property|shares
Fund income shares||15.24
24.25||94
30||298
28|||(3)
5||295
33|
|OLD WOLVERNIAN
ASSOCIATION PRIZE FUND|||||||||||||
|Chenties|Ollidal Investment|Fund:|||||||||||
|Income|shares||14.95||92||293|||(4)||289|
|Property|Fund income shares||23.77||29||28|||4||32|
||||||||||||4,|23|
|TOTAL INVESTMENTS||||2 ss|s|ssM|aas|||4 saa|d|d|